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Re: trailblazin post# 108649

Friday, 11/17/2023 4:33:56 PM

Friday, November 17, 2023 4:33:56 PM

Post# of 110965
A couple weeks ago far prior to the deadline - I was also confused and sent proof of my holdings at Schwab (redacted except details specific to the CTs I own) to the email and ATTN: to Diane N. something. My gut says its not necessary because my holdings are in street name, but after seeing so much misleading #$$#% with WAMUs BK over the years, I felt I needed to send something anyways.

I couldn't access the claim form back then either...it went to an error page..too many redirections or something. However, the way the statement reads, they ask for your proof of claim, and if requested, to send them more detailed information about my holdings. This tells me 4 things: PWC must know all about Street name holders if only a general a proof of claim is required. Secondly, if they have questions about a claim, they say they will ask you to provide further proof (which I did, because the claim form is non-existent). Thirdly, this proof of claim information about my personal proof of holdings "as may appear to the administrators to be necessary" seems like its not such a big deal,...as if they already really know. Fourthly, the PWC letter that mentioned the deadline and the 'within 2 months payment schedule', actually only includes a 'transfer of claim' page, to inform them if you sold your CT interest to another party. So why would PWC include a 'transfer of claim' form a person could print out directly, but not include a 'Proof of Claim'? Tells me the Proof of Claim page its not really necessary, and they know who holds what... I'm guessing the Proof of Claim is really for people who don't hold in street name.

It will be telling after the November 21 deadline, if the sell feature at Schwab is also then frozen, just like the Buy button hasn't been available for a while. If money is coming within 60 days, I think they'd need the CTs to stop moving around amongst different holders until its all caught up

At the end of the day, I have sent a copy of my holdings to put my mind at ease. Overkill? probably...but..well is it? lol...

The bottom of the PWC letter does say "A creditor who has not proved their debt by the last date for proving may be excluded from the dividend"